As 2022 year-end closing approaches, we present our traditional overview of
the new standards and amendments applicable at 31 December. Once again,
no major new standards have been published this year, but disclosures are
required on the impact of standards issued by the IASB but not yet effective,
particularly for insurers in view of the entry into force of IFRS 17 on
1 January 2023.
This month, non-financial reporting has again dominated the news. On 22 November,
exactly a week after the Sustainability Reporting Board vote, EFRAG submitted the first set
of European Sustainability Reporting Standards (ESRS) to the European Commission (EC),
laying the foundations of the standardised common language for sustainability-related
matters throughout Europe, as required by the Corporate Sustainability Reporting Directive
which will be published in the Official Journal of the European Union in December.
Beyond the GAAP no.171 - November 2022
Index no.171 - November 2022